MG Morning Breeze: Updates to Skim before Market

November 21, 2025 (MLN): Morning Breeze aims to lessen the load for its readers by curating noteworthy updates from the preceding day.

• SBP Forex Reserves Increase by USD 27 Million

Total Foreign Exchange Reserves held by the country rise to USD 19.73 Billion Read more

• TPL Corp swings to Rs1bn profit on strong revenue surge

TPL Corp Limited (PSX: TPL) reported a significant turnaround for the quarter ended September 30, 2025, recording a profit after tax of Rs1.23 billion, compared to a loss of Rs1.57bn in the same period last year. Read more

• Bank Makramah secures court approval for major restructuring

Bank Makramah Limited (PSX: BML) has received formal sanction from the Islamabad High Court for its Scheme of Arrangement, marking a significant step in the bank’s restructuring process. Read more

• PKR remains flat against USD

The Pakistani rupee (PKR) gained by 0.98 paisa against the US dollar in Thursday's interbank session to settle the trade at PKR 280.65 per USD, compared to previous closing of 280.66. Read more

• PSX Closing Bell: Bulls Keep the Flame Alive

The benchmark KSE-100 Index concluded Thursday's trading session at 162,936.93, showing an increase of 710.66 points or 0.44%. Read more

• Pakistan backs CAREC digital corridor

Pakistan has called for the formation of a joint working group to accelerate work on the proposed CAREC Digital Corridor. Read more

• TOMCL expands direct exports to Carrefour Qatar

The Organic Meat Company Limited (PSX:TOMCL) has reached a significant milestone in its regional expansion by securing approval for direct exports to Carrefour Qatar, marking the company’s second approved destination within the GCC after Carrefour UAE. Read more

• Gold price in Pakistan falls Rs5,000 per tola

Gold price in Pakistan decreased on Thursday, with 24-karat gold being sold at Rs426,562 per tola, down Rs5,000. Read more

• ADB approves $330m loan to Pakistan for power transmission expansion

The Asian Development Bank (ADB) has approved loans totaling $330 million to Pakistan for the Second Power Transmission Strengthening Project, said a press release issued today. Read more

• Nigeria eyes Pakistan’s revenue reforms

Nigeria’s Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) is studying Pakistan’s revenue administration and fiscal frameworks as part of its ongoing review of the country’s national revenue distribution system. Read more

• Honda Atlas Cars' profit triples in 1HFY26

Honda Atlas Cars (Pakistan) Limited (PSX: HCAR) reported a profit after tax of Rs1.57bn for 1HFY26, surging 3.4 times from Rs460.4m in the corresponding period last year. Read more

• OMO Result: SBP injects Rs645bn into Market

The State Bank of Pakistan (SBP) conducted a reverse repo and Shariah Compliant Modarabah based Open Market Operation (OMO) today, in which it cumulatively injected a total of Rs645.1 billion into the market of which Rs512.6 were injected through reverse repo OMO. Read more

• IMF urges Pakistan to adopt reforms to boost growth beyond 5%

The International Monetary Fund (IMF) has urged that Pakistan could achieve economic growth of 5% to 6.5% over the next five years if it swiftly implements a 15-point reform agenda to tackle governance weaknesses and curb corruption. Read more

• Shield Corporation moves to delist from PSX

Shield Corporation Limited (PSX: SCL) has resolved to delist the company from the Pakistan Stock Exchange (PSX) under Voluntary Delisting Rules of the PSX rule book. Read more

• Gul Ahmed moves to acquire Nooriabad industrial site

The Board of Directors of Gul Ahmed Textile Mills Limited (PSX: GATM) approved the acquisition of Plot No. A-44 in Sindh Industrial Trading Estates Ltd (SITE), Nooriabad, District Jamshoro, according to the company's statement issued today. Read more

• Oil prices rebound ahead of U.S. sanctions deadline

Oil prices inched upward on Thursday, rebounding from the prior session’s decline. Traders assessed new U.S. initiatives aimed at resolving the ongoing conflict in Ukraine. Read more

• Pakistan cites large-scale forest restoration progress

Pakistan used COP30 side event to signal that its Upscaling Green Pakistan Programme (UGPP) has restored large areas of degraded land and expanded community-led forest protection, a development central to the country’s climate-mitigation strategy. Read more

• Mamdani to meet Trump in the White House

New York City Mayor-elect Zohran Mamdani is scheduled to visit the White House on Friday for his first official meeting with President Donald Trump. Read more

• Mari Energies forms JV to convert gas into LNG, CO₂

Mari Energies Limited (PSX: MARI) has signed a joint venture agreement with Ghani Chemical Industries Ltd (GCI) to set up a new project company that will process exhaust gas from the Sachal Gas Processing Complex (SGPC) in Daharki, according to a company filing. Read more

• Asia markets climb on soaring Nvidia demand

Asia markets advanced sharply on Thursday as investors responded to Nvidia’s stronger-than-expected quarterly earnings and upbeat sales forecast, which reinforced enthusiasm for the global artificial intelligence boom. Read more

• NBP issues foreign exchange rates

The treasury management division of the National Bank of Pakistan (NBP) on Thursday, issued the following exchange rates. Read more

• Fitch flags flat global growth for 2026

Fitch Ratings expects global GDP growth to remain broadly flat in 2026, while fiscal and political risks rise across major economies, the agency said in a press release on Wednesday. Read more

• Over 300 listed firms now active in CSR, says Aurangzeb

Pakistan’s corporate sector has continued to increase its charitable spending despite prolonged economic pressures, with more than 300 of over 400 publicly listed companies now engaged in social responsibility programs, Federal Finance Minister Muhammad Aurangzeb said on Wednesday. Read more

Copyright Mettis Link News